Barry Bonds Puts His Beverly Hills Estate on the Market for $25 Million

Barry Bonds puts his Beverly Hills estate on the market for $25 million and Larry Ellison buys in Malibu for the 28th time. WSJ's Lauren Schuker Blum joins The News Hub with a look at this week's Private Properties. Photo: AP.

Jan. 17, 2013 6:36 p.m. ET

Former Major League Baseball player Barry Bonds has put his home in Beverly Park—an exclusive gated enclave of Beverly Hills, Calif.—on the market for $25 million.

Inside the Homes

Former Major League Baseball player Barry Bonds has put his home in Beverly Park—an exclusive gated enclave of Beverly Hills—on the market for $25 million. Pictometry

The estate, according to a person familiar with the home, has seven bedrooms and 14 bathrooms. It also has a music room, theater, wine room, gym, spa and elevator, according to a recent advertisement. There's also a guesthouse and a pool on the 1.85-acre property.

Mr. Bonds bought the home from Kenneth and Grace Jacobson for $8.7 million in 2002, according to public records. Back then, the house spanned about 11,500 square feet and had six bedrooms and 10 bathrooms. As part of a significant renovation, Mr. Bonds added a two-story wing to the home, expanding its square footage.

According to a recent advertisement, Mauricio Umansky, founder and chief executive of real-estate firm the Agency, has the listing. He declined to comment. Mr. Bonds did not return a request for comment.

—Lauren Schuker Blum

A 40th-Floor Penthouse Sells for $27 Million, Setting a Sales Record for Miami Beach

A 7,100-square-foot penthouse in Miami Beach, Fla., has sold for $27 million, the highest price ever paid for a private residence there, according to Mark Zilbert, chief executive of Zilbert International Realty, which brokered the deal. It's also the most expensive condo ever sold in Southeast Florida, according to Mr. Zilbert.

The penthouse is located atop the Setai Resort and Residences, an oceanfront complex in South Beach built in 2004. Spanning the entire 40th floor, the home has four bedrooms, six bathrooms and floor-to-ceiling windows that offer views from all sides. The home also includes a 3,000-square-foot rooftop terrace with a summer kitchen, a Jacuzzi and an infinity pool that overlooks the ocean.

The buyer bought the apartment through a Delaware entity from a group of European investors, according to people close to the transaction. Those investors first purchased the penthouse for $15 million in June 2010.

Those investors often leased the penthouse for $30,000 a night or more, according to a person familiar with the property. Past guests have included Simon Cowell,Madonna,Jim Carrey and U2, among other celebrities, according to Jeff Miller of Zilbert International Realty, who represented the buyer.

Janne Keskinen, one of the investors in the property and a broker with Kendall Gables Realty, brokered the transaction for the sellers.

Software billionaire Larry Ellison has paid $18 million for a 2,300-square-foot home in Malibu, Calif., belonging to Jerry Bruckheimer, a movie and television producer whose credits include the "CSI" television shows as well as "Top Gun," "Armageddon" and the "Pirates of the Caribbean" movies.

Mr. Ellison, an avid property buyer, owns homes on both sides of Mr. Bruckheimer's house, according to a person familiar with the area. The home is Mr. Ellison's 11th purchase on Malibu's Carbon Beach, this person said, and his 28th real-estate purchase in Malibu. (Mr. Ellison has sold off some properties since purchasing them, this person added).

The single-story house, which was never listed for sale, has Jeffrey Katzenberg,Haim Saban and Paul Allen as neighbors.

The three-bedroom, three-bathroom home sits on about a third of an acre and overlooks the ocean. It has 70 feet of beachfront property, but does not have a pool. The home was remodeled by Mr. Bruckheimer about 10 years ago.

Mr. Bruckheimer bought the home in 1987 for $2.4 million, according to public records. Kurt Rappaport of Westside Estate Agency represented Mr. Ellison in the sale. Mr. Ellison declined to comment.

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